Can I retire at age 72 with 855,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$70,605$69,976$69,363$68,764$68,179$66,857
2 years$34,953$34,302$33,671$33,059$32,466$31,140
3 years$23,071$22,417$21,787$21,182$20,598$19,308
4 years$17,130$16,479$15,856$15,260$14,691$13,448
5 years$13,567$12,920$12,305$11,721$11,168$9,975
6 years$11,193$10,550$9,944$9,374$8,836$7,696
7 years$9,497$8,860$8,264$7,707$7,186$6,097
8 years$8,226$7,594$7,008$6,465$5,962$4,924
9 years$7,238$6,612$6,036$5,507$5,021$4,034
10 years$6,448$5,828$5,262$4,747$4,278$3,341
11 years$5,802$5,189$4,633$4,131$3,679$2,792
12 years$5,264$4,657$4,112$3,624$3,188$2,348
13 years$4,810$4,209$3,673$3,199$2,780$1,987
14 years$4,420$3,826$3,301$2,840$2,437$1,688
15 years$4,083$3,495$2,980$2,533$2,146$1,440
16 years$3,788$3,206$2,702$2,268$1,897$1,232
17 years$3,528$2,953$2,459$2,037$1,682$1,057
18 years$3,297$2,729$2,244$1,836$1,495$909
19 years$3,091$2,529$2,055$1,659$1,333$784
20 years$2,906$2,350$1,886$1,503$1,190$676
21 years$2,738$2,189$1,734$1,364$1,065$584
22 years$2,586$2,043$1,599$1,240$955$506
23 years$2,448$1,911$1,476$1,129$857$438
24 years$2,321$1,790$1,365$1,030$770$380
25 years$2,204$1,680$1,264$941$693$329
26 years$2,097$1,579$1,173$860$624$286
27 years$1,998$1,486$1,089$787$563$248
28 years$1,906$1,400$1,012$721$508$216
29 years$1,820$1,321$942$661$459$188
30 years$1,740$1,248$877$607$414$163
31 years$1,666$1,179$818$557$375$142
32 years$1,596$1,116$763$512$339$124
33 years$1,531$1,057$713$471$307$108
34 years$1,470$1,002$666$433$278$94
35 years$1,412$950$622$399$252$82
36 years$1,358$902$582$368$228$71
37 years$1,307$856$545$339$207$62
38 years$1,258$814$510$312$187$54
39 years$1,212$774$478$288$170$47
40 years$1,169$736$448$265$154$41
41 years$1,128$701$420$245$140$36
42 years$1,089$668$394$226$127$31
43 years$1,051$636$370$209$115$27
44 years$1,016$606$347$193$104$24
45 years$982$578$326$178$95$21
46 years$950$552$306$164$86$18
47 years$919$526$288$152$78$16
48 years$890$502$270$140$71$14
49 years$862$480$254$130$64$12
50 years$835$458$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $855,000, adding $4,544 every year, while hoping to spend $42,255 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 72/20/8 Blend
71$855,000$855,000$855,000$855,000
72$946,897$901,582$888,330$1,013,502
73$998,522$900,801$873,130$1,057,308
74$1,053,996$898,565$856,004$1,099,560
75$1,113,667$894,758$836,844$1,144,649
76$1,177,918$889,259$815,536$1,192,842
77$1,247,169$881,935$791,959$1,244,436
78$1,321,880$872,650$765,989$1,299,757
79$1,402,557$861,255$737,496$1,359,165
80$1,489,758$847,597$706,342$1,423,059
81$1,584,094$831,509$672,385$1,491,877
82$1,686,237$812,819$635,475$1,566,105
83$1,796,926$791,340$595,457$1,646,276
84$1,916,974$766,878$552,166$1,732,982
85$2,047,276$739,225$505,434$1,826,874
86$2,188,813$708,162$455,081$1,928,672
87$2,342,668$673,458$400,922$2,039,169
88$2,510,030$634,867$342,763$2,159,244
89$2,692,207$592,129$280,400$2,289,862
90$2,890,641$544,972$213,621$2,432,092
91$3,106,915$493,105$142,207$2,587,112
92$3,342,774$436,221$65,925$2,756,224
93$3,600,138$373,997$0$2,940,862
94$3,881,120$306,090$0$3,143,933
95$4,188,045$232,140$0$3,371,954
96$4,523,475$151,764$0$3,621,244
97$4,890,229$64,560$0$3,893,955
98$5,291,411$0$0$4,192,460
99$5,730,437$0$0$4,525,958
100$6,211,073$0$0$4,906,659